closing stock worth is 50000 and grossprofit is 20% how much
profit would be accounted towards the nextyear?
Answer Posted / rajesh deshmukh
First of all you have to provide cost of sales or turnover
to calculate gross profit. only providing stock figure,
nobody can compute GP.
Cost of Sales to be calculated as follows
Opening stock
Add: purchases
Add: Direct expenses
Less: Closing stock
you have to take GP @20% on COS or turnover.
Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
why should the company give first perference to the perference shareholders?
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
what is the script forms standard text in fico
Zee Ltd. uses material—A for the production of Product M. The safety stock of material A is 300 units; the supplier quotes a delivery delay of two or three weeks. If the company uses 500 to 800 units a week according to the activity levels, the re–order level of material–A will be A. 2300 units; B. 2400 units; C. 2700 units; D. 28 units.
How i pass the share holders capital entry in Tally? How to set this option in Tally?
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
What is DRA in bank reconciliation.
Short Answer on ___________Finance Bill
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
Give me total Details of payroll calculation, payslip with examples.
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.
differnce between the 4.7 & 6.0 versions?
Up to what time we can show TDS Receivables under Advance Income Tax A/c?
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.